Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Cwm LLC

Cwm LLC reduced its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 647 shares of the scientific and technical instruments company’s stock after selling 27 shares during the period. Cwm LLC’s holdings in Teledyne Technologies were worth $283,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TDY. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Teledyne Technologies by 17.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after acquiring an additional 186,849 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Teledyne Technologies by 235.6% during the second quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock valued at $48,593,000 after buying an additional 87,925 shares during the period. Maren Capital LLC boosted its stake in shares of Teledyne Technologies by 37.2% during the 1st quarter. Maren Capital LLC now owns 254,245 shares of the scientific and technical instruments company’s stock worth $109,152,000 after acquiring an additional 68,940 shares in the last quarter. Millennium Management LLC grew its holdings in Teledyne Technologies by 88.4% in the second quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company’s stock valued at $49,565,000 after purchasing an additional 59,942 shares during the period. Finally, Janus Henderson Group PLC raised its position in Teledyne Technologies by 3.2% during the first quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock worth $676,041,000 after acquiring an additional 48,397 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $447.14 on Tuesday. The business’s fifty day simple moving average is $431.86 and its 200-day simple moving average is $409.13. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. The firm has a market cap of $20.92 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 3.16 and a beta of 1.01. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $458.15.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company posted $4.67 EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. Equities analysts forecast that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on TDY shares. Vertical Research assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target on the stock. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC upped their target price on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $450.50.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.